What is a Internal Auditor doing? Job description and responsibilities

What does a Internal Auditor do?

The Internal Auditor is responsible for providing independent and objective assurance to the Board of Directors, Audit Committee and Senior Management on the effectiveness of the organization's risk management, internal control, and governance processes. The Internal Auditor will assess the effectiveness of internal controls, recommend improvements, and ensure compliance with applicable laws and regulations. The Internal Auditor will be an important part of the organization's efforts to promote good governance and integrity and provide assurance to stakeholders that the organization is well managed.

Responsibilities of Internal Auditor

1. Perform financial and operational audits of the organization's activities and procedures in order to ensure compliance with laws, regulations, and internal policies.

2. Research, analyze, and evaluate financial data and documents to ensure accuracy and completeness of information.

3. Prepare detailed audit reports of findings and make recommendations for improvement to management.

4. Identify and evaluate process and control weaknesses and make practical recommendations for improvement.

5. Monitor and verify compliance with internal policies and external regulations.

6. Develop and maintain effective working relationships with all levels of management.

7. Stay up to date with changes in regulations, industry trends, and best practices.

8. Assist in the development and implementation of internal control best practices and policies.

9. Provide guidance and support to management on internal control matters.

10. Monitor and review audits to ensure they are completed in an efficient and effective manner.